. He also committed to put up to $3 billion of his firm's own funds into the SPAC, potentially bringing the company's total value to $7 billion.
Now that the SPAC is public, its goal is to merge with a private company to take it public. Ackman has been down this road before — his fund Pershing Square Capital in 2011 helped Justice Holdings raise $1.4 billion, which it used the next year to merge with Burger King Worldwide and take it public.
A previous regulatory filing for the fund said that it will focus on pursuing merger opportunities with private, large capitalization, high-quality, growth companies, or so-called "mature unicorns." Going public through a SPAC is increasing in popularity amid market volatility this year due to the coronavirus pandemic. So far in 2020, 47 SPACs have held IPOs, raising gross proceeds of $18.3 billion, according toGet your daily markets analysis with our Markets newsletter. Sign up now.
I love how a company with no concrete plan or income stream can climb 9% on speculation alone. Speaks to a true bubble in risk assets.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:
대한민국 최근 뉴스, 대한민국 헤드 라인
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